Update shared on 10 Nov 2025
Fair value Increased 0.29%Analysts have modestly raised their price target for Ninety One Group from £2.23 to £2.26 per share. They cite updated fair value estimates and minor adjustments to key financial assumptions as reasons for the change.
Analyst Commentary
Recent commentary from analysts provides a nuanced view of Ninety One Group's prospects. This balances recent optimism in price target revisions with ongoing caution around business fundamentals and market execution.
Bullish Takeaways- Bullish analysts highlight upward adjustments to the price target, reflecting improved confidence in the underlying fair value of the company.
- Incremental increases in price targets signal recognition of the company's ability to adapt financial assumptions and maintain stable performance within a challenging sector.
- Recent consensus points to expectations for continued resilience in earnings, underpinned by prudent management and measured growth initiatives.
- Valuation adjustments suggest that analysts believe the company is managing risks effectively while delivering on longer-term strategic goals.
- Despite upward price target revisions, analysts maintain a Neutral stance on the stock, reflecting tempered expectations for significant near-term upside.
- There remains skepticism around the speed and scale of growth, particularly in evolving market conditions that may impact asset flows or profitability.
- Execution risks are still cited, with uncertainty around the company's ability to consistently deliver on operational improvements.
- Bearish analysts note that while fair value estimates have improved slightly, external headwinds continue to pose challenges to further substantive re-rating.
Valuation Changes
- Fair Value per Share has risen slightly from £2.09 to £2.10, reflecting updated estimates.
- Discount Rate has increased from 12.24% to 12.33%. This indicates a marginally higher cost of capital factored into valuation models.
- Revenue Growth projections have declined slightly, moving from 10.02% to 10.01%.
- Net Profit Margin has decreased from 25.52% to 24.94%. This points to a modest reduction in expected profitability.
- Future P/E Ratio has risen from 12.27x to 12.62x. This suggests that shares are now valued at a higher multiple of projected earnings.
Disclaimer
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